In Budget 2023, the Centre is likely to announce steps to reduce import dependence on China through several tariff and non-tariff measures. The country may continue to import goods and raw materials from China, but it may curtail the entry of finished goods, a report in Mint said today.
The imports of finished goods entering the country directly or indirectly via a third country will most likely be restricted, the report added.
This comes amid India's efforts to push for stricter implementation of agreements with China against the backdrop of the 20-month-long standoff between the armies of two countries in Ladakh. Moreover,